Semiconductor Foundry Market to Grow with a CAGR of 7.1% Globally through to 2028.
Global semiconductor foundry market is rising due to increasing demand
for advanced microchips in various industries, such as electronics, automotive,
and telecommunications in the forecast period 2024-2028.
According to TechSci Research report, “Global Semiconductor
Foundry Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, The global semiconductor foundry market is
experiencing significant growth, driven by a confluence of factors that
underscore its pivotal role in the modern digital economy. Semiconductor
foundries, specializing in the fabrication of integrated circuits (ICs), have
become the linchpin for innovation across a multitude of industries. The
relentless pursuit of miniaturization and performance enhancement in
electronics, coupled with the emergence of transformative technologies like 5G,
artificial intelligence (AI), and the Internet of Things (IoT), has led to an
insatiable demand for advanced microchips. Furthermore, the rising complexity
and cost of semiconductor manufacturing processes have prompted an increasing
number of fabless semiconductor companies and integrated device manufacturers
(IDMs) to outsource their fabrication needs to foundries. This strategic shift
has spurred the growth of foundry services, making them a vital ecosystem
player. Companies like TSMC, GlobalFoundries, and Samsung Foundry have risen to
prominence, catering to a broad spectrum of semiconductor applications.
Browse over 26 market data Figures spread
through 91 Pages and an in-depth TOC on "Global Semiconductor Foundry Market”.
The Global Semiconductor Foundry Market is a dynamic
and rapidly growing industry that plays a crucial role in the semiconductor
ecosystem. Semiconductor foundries are specialized companies that provide
manufacturing services for the production of integrated circuits (ICs) and
other semiconductor devices. These foundries offer a range of services,
including wafer fabrication, packaging, testing, and assembly, catering to the
diverse needs of semiconductor companies across various industries. One of the
key drivers for the Global Semiconductor Foundry Market is the increasing
demand for advanced semiconductor solutions. Industries such as automotive,
consumer electronics, telecommunications, and IoT devices require high-performance
semiconductors to power their products. As these industries continue to evolve
and demand smaller, faster, and more power-efficient devices, the need for
advanced semiconductors has become paramount. Semiconductor foundries are
investing heavily in advanced fabrication processes, such as FinFET, 3D
transistors, and EUV lithography, to meet this demand. These technologies
enable the production of chips with higher transistor densities, improved power
efficiency, and enhanced performance. Another driver for the Global
Semiconductor Foundry Market is the trend of outsourcing semiconductor
manufacturing to specialized foundries. Companies are increasingly relying on
foundries to handle the complex and capital-intensive process of semiconductor
manufacturing. Outsourcing allows companies to focus on their core
competencies, reduce costs, and access advanced process technologies without
the need for significant investments in manufacturing facilities and equipment.
Foundries provide expertise, scalability, and flexibility, enabling companies
to bring their semiconductor designs to market quickly and efficiently.
Technological advancements also play a crucial role in
driving the growth of the Global Semiconductor Foundry Market. The
semiconductor industry is characterized by rapid innovation and continuous
technological advancements. Foundries are at the forefront of adopting and
implementing these advancements in their manufacturing processes. Advanced
process technologies, such as smaller transistor sizes, new materials, and
innovative packaging techniques, enable the production of more advanced and
sophisticated semiconductor devices. Foundries that can offer access to these
advanced technologies have a competitive edge in the market. The growing need
for customization and reduced time-to-market is another significant driver for
the Global Semiconductor Foundry Market. In today's fast-paced and competitive
business landscape, companies are seeking ways to differentiate their products
and bring them to market quickly. Foundries provide flexible manufacturing
solutions that allow companies to customize their semiconductor designs
according to specific requirements. This customization enables companies to
differentiate their products in the market and cater to specific customer
needs. Additionally, by leveraging the expertise and resources of foundries,
companies can accelerate their product development cycles, respond quickly to
market demands, and stay ahead of the competition.
In conclusion, the Global Semiconductor Foundry Market
is experiencing significant growth driven by increasing demand for advanced
semiconductor solutions, outsourcing trends, technological advancements, and
the need for customization and reduced time-to-market. Foundries play a
critical role in meeting these demands by providing specialized manufacturing
services, advanced process technologies, and expertise. As the semiconductor
industry continues to evolve and innovate, the role of semiconductor foundries
will remain pivotal in enabling the production of cutting-edge semiconductor
devices that power various industries and drive technological advancements.
The Global Semiconductor Foundry Market is segmented
into Technology Node, Application, regional distribution, and company.
Based on its Application, the consumer electronics and
communication segment dominated the Global Semiconductor Foundry Market and is
expected to maintain its dominance during the forecast period. The consumer
electronics and communication segment encompass a wide range of devices,
including smartphones, tablets, wearables, and networking equipment. This
segment's dominance can be attributed to the increasing demand for advanced
semiconductor solutions in the consumer electronics industry, driven by factors
such as technological advancements, rising disposable incomes, and changing
consumer preferences. The rapid pace of innovation in consumer electronics,
with the introduction of new features, higher performance requirements, and the
need for power efficiency, has fueled the demand for advanced semiconductors.
Foundries have been investing in research and development to develop
specialized processes and technologies tailored to the specific requirements of
consumer electronics applications. Additionally, the growing adoption of 5G
technology and the expansion of the Internet of Things (IoT) ecosystem have
further boosted the demand for semiconductors in the communication sector. The
automotive segment is also expected to witness significant growth in the semiconductor
foundry market, driven by the increasing integration of advanced electronics
and semiconductor components in vehicles. The automotive industry is undergoing
a transformation with the advent of electric vehicles, autonomous driving, and
connected car technologies. These advancements require sophisticated
semiconductors for applications such as advanced driver-assistance systems
(ADAS), infotainment systems, and powertrain control. While the automotive
segment is expected to grow, the consumer electronics and communication segment
is projected to maintain its dominance due to the continuous demand for
innovative and feature-rich electronic devices and the ongoing advancements in
communication technologies.
Based on region, Asia-Pacific region dominated the Global
Semiconductor Foundry Market and is expected to maintain its dominance during
the forecast period. The Asia-Pacific region has emerged as a global hub for
semiconductor manufacturing, with countries like China, Taiwan, South Korea,
and Japan playing a significant role in the industry. The dominance of the
Asia-Pacific region can be attributed to several factors. Firstly, the region
benefits from a strong ecosystem that includes a robust supply chain, a skilled
workforce, and a favourable business environment. This ecosystem has attracted
major semiconductor foundries and enabled them to establish advanced
manufacturing facilities in the region. Additionally, the Asia-Pacific region
has a large consumer electronics market, with a growing middle class and
increasing disposable incomes. This drives the demand for semiconductors used
in smartphones, tablets, wearables, and other consumer electronic devices.
Furthermore, the region has witnessed significant investments in infrastructure
development, research and development, and technological advancements.
Governments in countries like China and South Korea have implemented policies
and initiatives to support the growth of the semiconductor industry, including
providing financial incentives and fostering collaboration between industry
players and academic institutions. The presence of leading semiconductor
foundries, such as TSMC, Samsung Electronics, and UMC, further strengthens the
dominance of the Asia-Pacific region in the global semiconductor foundry
market. These foundries have established themselves as key players in the
industry, offering advanced process technologies and specialized services to
cater to the diverse needs of customers. Overall, the Asia-Pacific region's
strong ecosystem, growing consumer electronics market, government support, and
presence of leading foundries position it as the dominant region in the Global
Semiconductor Foundry Market.
Major companies operating in Global Semiconductor
Foundry Market are:
- Taiwan
Semiconductor Manufacturing Company Limited (TSMC)
- Samsung
Electronics Co., Ltd.
- United
Microelectronics Corporation (UMC)
- GlobalFoundries
Inc.
- Semiconductor
Manufacturing International Corporation (SMIC)
- Vanguard
International Semiconductor Corporation (VIS)
- Tower
Semiconductor Ltd.
- X-FAB
Silicon Foundries SE
- Powerchip
Technology Corporation
- Dongbu
HiTek Co., Ltd.
Download Free Sample Report
Customers can also request for 10%
free customization on this report.
“The Global Semiconductor Foundry Market is experiencing
significant growth driven by the increasing demand for advanced semiconductor
solutions, outsourcing trends, technological advancements, and the need for
customization and reduced time-to-market. Semiconductor foundries play a
crucial role in meeting these demands by providing specialized manufacturing
services, advanced process technologies, and expertise. Industries such as
automotive, consumer electronics, telecommunications, and IoT devices require
high-performance semiconductors to power their products, and foundries invest
heavily in advanced fabrication processes to meet this demand. The trend of
outsourcing semiconductor manufacturing to specialized foundries allows
companies to focus on their core competencies, reduce costs, and access advanced
process technologies without significant investments in manufacturing
facilities. Technological advancements, such as smaller transistor sizes, new
materials, and innovative packaging techniques, enable the production of more
advanced and sophisticated semiconductor devices. Foundries that can offer
access to these advanced technologies have a competitive edge in the market.
Additionally, the need for customization and reduced time-to-market drives
companies to leverage the expertise and resources of foundries to accelerate
product development cycles and stay ahead of the competition. Overall,
semiconductor foundries play a pivotal role in enabling the production of
cutting-edge semiconductor devices that power various industries and drive
technological advancements.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Semiconductor
Foundry Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Technology Node (10/7/5 nm, 16/14 nm, 20 nm, 28 nm,
45/40 nm, 65 nm), By Application (Consumer Electronics and Communication,
Automotive, Industrial, HPC), By Region, By Competition”, has
evaluated the future growth potential of Global Semiconductor Foundry Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Semiconductor Foundry Market.
Contact
Mr. Ken
Mathews
708 Third
Avenue,
Manhattan, NY,
New York –
10017
Tel:
+1-646-360-1656
Email: [email protected]
Website: www.techsciresearch.com